SMEs can raise an interest-free loan with ten-year maturity of up to 10 million forints (EUR 28,000), with repayments deferred by three years, Orbán told the annual opening meeting of the Hungarian Chamber of Commerce and Industry. The Hungarian economy was breaking records before the pandemic, Orbán said. Although the economic fallout rocked the economy, it managed to stay on its feet, he said. The government’s action plan to protect the economy has succeeded in its primary goal of preserving jobs, he said. Orbán said the number of jobholders reached pre-pandemic levels in December, rebounding to 4.5 million, with the country’s jobless rate being the third in the European Union, he said.
The government introduced a loan moratorium and a wage support scheme to support particularly hard-hit sectors, Orbán noted. To bolster vulnerable players, the social contributions were scrapped and the business tax slashed by half, he said. The investment support scheme has helped 1,434 companies so far, helping preserve 280,000 jobs while creating tens of thousands of new ones, he added.
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